MSTR - Ripping Short Squeeze Could Be In The Pipeline

Has looked terrible for quite some time now.

And although it may not ever make another high, I think it may be time for a hard bounce.

Notice that as Bitcoin hits $94K, it has gone oversold on the week RSI and has re-tested the previous tier - 2024 peak.

For this to be a perfect setup, MSTR would be within the 1:1 Golden Window, but it is not - the 1:1 GW is slightly below.

This may signal that it may slip down a little more to that ratio band.

But bounces do also arrive without perfect ratio - especially in selling climaxes.

MSTR is a very popular stock for shorts and Michael Saylor seems to be a popular villain character amongst crypto bears.

So I think we may get a ripping short squeeze either here or slightly lower.

Remember that MSTR often leads Bitcoin at the start of bullish phases - so perhaps that may happen again.

If it did then we may see a swift recovery if Bitcoin is also finding a low 🤨.

This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.

Zlecenie aktywne

Worth noting that the week RSI is already lower than the market bottom. You have to go all the way back to the previous cycle - pandemic crash to find a lower reading.

If Bitcoin pushes lower then of course MSTR will likely follow, but the RSI signals that this is due a significant bounce soon.

Uwaga

MSTR, BTC

Small lower wicks printing throughout crypto and MSTR through key long term support.

Remember that since MSTR is higher risk (leveraged) than BTC, it often moves first, so lets watch to see if it makes any progress against BTC.

Might just be a bounce coming 🤨.

Uwaga

MSTR/BTC

Bitcoin slumped further but worth noting that MSTR held today and that is reflected in a small bullish candle for the week so far.

Notice that MSTR/BTC is currently within a 1:1 Golden Window.

So this is a balanced area of ratio for a bounce and this little uptick might be a signal that a bounce will come for both MSTR and MSTR/BTC.

RSI also very oversold for MSTR/BTC 🧐.

Uwaga

Bitcoin thread:

Uwaga

Its not showing on the chart but I was actually filled @ $187 in the night.

This means that the 1:1 extension is already complete.

You'll have to take my word for that, but I now consider that ratio conditions have been met.

Uwaga

MSTR , BTC

Slumping beyond the previous low as Bitcoin pulls back.

This is all fine so long as Bitcoin holds and doesn't slip beyond the Golden Window.

However, if Bitcoin low does get taken out it could be a Wyckoff ST - slightly lower low before a bounce, but that would be a bit smelly and increase odds of continuing down.

So for all things crypto, Bitcoin does need to hold here really for this to be tidy.

And if it does then MSTR can bounce tidily at the 1:1.

So as I said before, it does look likely that MSTR will re-test the 1:1 in regular trading hours.

MSTR could go extreme low of course, but this is all very deep now relative to RSI.

The balanced ratio entry @ $187.51 will probably arrive soon.

Its dangerous but that is where to place a limit order to buy with ratio and in higher liquidity 🤨.

Zlecenie zamknięto ręcznie

MSTR is still within its respective Golden Window, but dominant Bitcoin has slipped passed my invalidation.

So I'm not hodling - I'm out.

At some point MSTR will have a big bounce but it might not be for a little while yet.

If Bitcoin continues to slump then I'll be looking for the next relevant BTC ratio band.

Uwaga

If you DYOR to also decide to exit yesterday that was a great decision as Bitcoin plummeted to $80K.

Now that it has both TOTAL and BTC have hot my next fib targets.

I will probably make a thread on that over the weekend.

MSTR also slumped but it is still within the Golden Window and has not tested the 1.13 overshoot ratio.

I bought back my position today and am now in trade again.

There is no "trade active" option to select for this thread since I closed it but I am full back in trade and with a nice discount.

Uwaga

Its on.

Uwaga

Fast move up has whipsawed into a nasty Shooting Star and I have taken small profit on my second entry.

If you have been keeping up with my more recent threads, I have been signalling crypto to fall into another correction.

MSTR is deep but when a candle prints like this - you don't HODL or have FOMO.

Dont forget to BOOST my threads if you want notifications of other threads.

Uwaga

And thats why you don't hold when a significant whipsawing upper wicked candle prints.

No burn at all since I profited from the second attempt and I will watch and see how this develops.

MSTR in trouble.

Uwaga

MSTR Crypto1

Such a popular name but its important to move with the moment.

Crypto warming up again, but MSTR looking quite weak overall and printing a choppy ascent that may be building cause for another slump.

If the market pushes on then this will likely find some sort of route up, but CRCL looking in much better shape than MSTR here 🤨.

ThinkFastTrades

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ThinkFastTrades

Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading

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